Enegex Limited (AU:ENX)
ASX:ENX
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Enegex Limited
(Sydney:ENX)
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Rating:45Neutral
Price Target:
AU$0.18
▼(-32.31% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily held down by very weak financial performance (minimal revenue, widening losses, and ongoing cash burn with declining equity). Technicals are also generally bearish (below key moving averages, negative MACD), though oversold signals modestly temper the downside. Valuation is limited by negative earnings (negative P/E) and no dividend support.
Positive Factors
Low leverage (no reported debt)
The company reports no recorded debt, which materially lowers interest burden and refinancing risk. For a cash-burning, loss-making small company this structural lack of leverage preserves optionality, reduces fixed financial obligations, and gives management more flexibility to prioritize operational fixes over debt servicing.
Negative Factors
Minimal and inconsistent revenue
The company lacks a scalable revenue base, with near-zero top-line receipts across years. This fundamentally limits margin leverage and the ability to absorb fixed costs, meaning profitability depends on building or acquiring a repeatable revenue stream—an uncertain, multi-quarter structural task.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage (no reported debt)
The company reports no recorded debt, which materially lowers interest burden and refinancing risk. For a cash-burning, loss-making small company this structural lack of leverage preserves optionality, reduces fixed financial obligations, and gives management more flexibility to prioritize operational fixes over debt servicing.
Read all positive factors
Enegex Limited (ENX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$61.50M
Dividend YieldN/A
Average Volume (3M)1.25M
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-45.08%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding300,020,200
10 Day Avg. Volume685,090
30 Day Avg. Volume1,251,233
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)3.12
Price to Sales (P/S)0.00
P/FCF Ratio-8.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Enegex Limited Business Overview & Revenue Model
Company Description
Enegex Limited explores for, evaluates, and invests in natural resource properties in Australia. The company explores for nickel, copper, and PGE deposits. It holds 100% interests in the West Yilgarn project that comprises 20 granted exploration l...
Enegex Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 50.53K | 0.00 | 0.00 |
| Gross Profit | 27.38K | 0.00 | 0.00 | 50.53K | 0.00 | -14.10K |
| EBITDA | 59.80K | -331.08K | -583.00K | -571.00K | -640.10K | -472.87K |
| Net Income | -847.61K | -1.31M | -895.00K | -1.53M | -640.00K | -475.45K |
Balance Sheet | ||||||
| Total Assets | 10.38M | 1.71M | 2.94M | 3.63M | 2.22M | 1.30M |
| Cash, Cash Equivalents and Short-Term Investments | 5.25M | 1.25M | 1.80M | 2.58M | 706.49K | 961.70K |
| Total Debt | 74.21K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 528.69K | 147.79K | 246.72K | 101.49K | 181.82K | 143.85K |
| Stockholders Equity | 9.85M | 1.56M | 2.69M | 3.53M | 2.04M | 1.16M |
Cash Flow | ||||||
| Free Cash Flow | -604.86K | -574.61K | -818.17K | -1.20M | -1.71M | -521.42K |
| Operating Cash Flow | -604.72K | -286.88K | -362.49K | -562.66K | -613.64K | -324.42K |
| Investing Cash Flow | -165.90K | -260.59K | -413.12K | -551.82K | -1.09M | -197.00K |
| Financing Cash Flow | 4.76M | -2.09K | 0.00 | 2.99M | 1.45M | 1.43M |
Enegex Limited Technical Analysis
Neutral
0.26
Price Trends
0.27
Negative
0.24
Negative
0.18
Positive
Market Momentum
-0.02
Positive
40.74
Neutral
15.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ENX, the sentiment is Neutral. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.27, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.74 is Neutral, neither overbought nor oversold. The STOCH value of 15.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ENX.
Enegex Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$61.50M | -23.63 | -14.86% | ― | ― | -45.08% | |
45 Neutral | AU$6.54M | -2.20 | -107.73% | ― | ― | -178.00% | |
45 Neutral | AU$10.74M | 0.82 | -45.95% | ― | ― | -80.38% | |
42 Neutral | AU$7.23M | -2.49 | -49.11% | ― | ― | 50.00% | |
42 Neutral | AU$13.29M | -1.56 | -31.75% | ― | ― | 31.14% |
* Basic Materials Sector Average
AU:ENX
Enegex Limited
0.21
0.14
215.38%
AU:ALB
Albion Resources Ltd.
0.05
>-0.01
-8.00%
AU:MTL
Caeneus Minerals Limited
―
―
―
AU:EM2
Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
AU:BM8
Pathfinder Resources Ltd
0.06
>-0.01
-7.69%
Enegex Limited Corporate Events
Enegex Sets April Perth Meeting as It Accelerates Digital Shareholder Communications
Mar 11, 2026
Enegex Limited has called a general meeting of shareholders to be held as a physical event in Perth on 15 April 2026, with investors able to attend in person. The company is shifting toward electronic dissemination of meeting materials, making the...
Enegex Calls April 2026 Meeting to Approve Name Change and Capital Moves
Mar 11, 2026
Enegex Limited has called a general meeting of shareholders for 15 April 2026 in Perth, stressing that voting eligibility will be based on the share register as at 13 April 2026. The meeting will consider a proposal to change the company’s n...
Enegex Releases Half-Year Report and Confirms Corporate Structure
Mar 11, 2026
Enegex Limited has released its half-year financial report for the period ended 31 December 2025, providing shareholders with an update on its corporate status and regulatory compliance. The report confirms the company’s ongoing ASX listing,...
Enegex Seeks ASX Quotation for 43.8 Million New Shares
Mar 4, 2026
Enegex Limited has applied to the ASX for quotation of 43,835,417 new ordinary fully paid shares under code ENX, with an issue date of 5 March 2026. The securities form part of a previously announced transaction, signalling a material expansion of...
Enegex Plans Major Share and Option Issue to Boost Capital Base
Feb 26, 2026
Enegex Limited has notified the ASX of a proposed capital raising through the issue of up to 44,329,212 new ordinary fully paid shares and 2,216,461 unlisted options. The securities are to be issued via a placement or other type of issue, with a p...
Enegex Raises A$10.2m to Accelerate Côte d’Ivoire Gold Exploration Push
Feb 26, 2026
Enegex Limited has raised A$10.2 million via a targeted share placement, boosting its cash position to about A$14.3 million and drawing strong support from existing shareholders and new institutional and high net worth investors. The funding under...
Enegex Requests Trading Halt Ahead of Capital Raising Announcement
Feb 23, 2026
Enegex Limited has requested a trading halt in its securities on the Australian Securities Exchange, effective 24 February 2026. The halt will remain in place until either the company releases a market announcement or normal trading resumes on 26 ...
Enegex Highlights Côte d’Ivoire Gold Focus in Mining Indaba Presentation
Feb 8, 2026
Enegex Limited, an ASX-listed gold exploration company, is concentrating on high-potential gold projects in Côte d’Ivoire, positioning itself within West Africa’s fast-developing mining corridor. The group is steered by seasoned g...
Enegex Ramps Up Côte d’Ivoire Gold Drilling at Tougbe and Gogo
Feb 8, 2026
Enegex has mobilised an aircore drill rig for a 3,000-metre maiden program at its Tougbe gold project in Côte d’Ivoire, following up strong power auger and historical aircore intersections that include broad zones of near-surface minera...
Enegex Accelerates Côte d’Ivoire Gold Push After Famien Deal and Strong Auger Results
Jan 27, 2026
During the December 2025 quarter, Enegex advanced its strategic pivot toward West African gold exploration following the shareholder-approved acquisition of Famien Resources’ 3,700km² portfolio in Côte d’Ivoire and an accompa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.